If the VAT rate is V% then the cost price with VAT is = Cost Price*(1 + v/100)
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loss+selling price (S.P)
8.5 percent of the pre-VAT price.
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
Formula:Profit = Selling Price (SP) - Cost Price (CP)Loss = Cost Price (CP) - Selling Price (SP)
Profit = retail price - manufacturing cost